BajaNomad

Credit Card Fees

spankie - 11-30-2009 at 10:07 AM

Anyone know of a CC that does not charge a ~2-3% foreign transaction fee?

karenintx - 11-30-2009 at 10:13 AM

Capitol One credit card does not charge an international transaction fee. We have used it for about 4 years with no problems.

Just be sure to advise them when you are out of the county or they may deny the transaction.

ncampion - 11-30-2009 at 10:59 AM

Agree with karenintx, Capital One is very sensitive to fraud so be sure to call each time you head South.

oladulce - 11-30-2009 at 01:14 PM

When this topic came up earlier this year I followed the advise and applied for a Capitol One card-
and was denied. Had to laugh because I've never been denied before and I used to fill up my trash can with Capitol One personal invitations. Said they didn't like the way our home mortgage looked on paper(adjustable).

The loan is paid off now and maybe I'll reapply for a card again someday if I find that I use a credit card often enough for purchases when living in Mexico.

Barry A. - 11-30-2009 at 02:13 PM

Quote:
Originally posted by oladulce
When this topic came up earlier this year I followed the advise and applied for a Capitol One card-
and was denied. Had to laugh because I've never been denied before and I used to fill up my trash can with Capitol One personal invitations. Said they didn't like the way our home mortgage looked on paper(adjustable).

The loan is paid off now and maybe I'll reapply for a card again someday if I find that I use a credit card often enough for purchases when living in Mexico.


-------I was denied too (after they said I was pre-approved) Then I remembered that I had a "freeze" on anybody getting info from the 3 credit rating firms-------You just can't win!!!:lol:

Barry

Bajahowodd - 11-30-2009 at 02:20 PM

I find this interesting. Capital One does not enjoy a very good reputation among card issuers. A particular problem has been arbitrary interest rate hikes. That said, with new Federal regulations on credit, virtually all card issuers are currently jacking up rates and lowering limits ahead of the Fed regs taking effect.

k-rico - 11-30-2009 at 02:41 PM

Quote:
Originally posted by Bajahowodd
I find this interesting. Capital One does not enjoy a very good reputation among card issuers. A particular problem has been arbitrary interest rate hikes. That said, with new Federal regulations on credit, virtually all card issuers are currently jacking up rates and lowering limits ahead of the Fed regs taking effect.


Yeah, my Citibank APR on purchases is going up to 17.99% on 29 December and the increase is retroactive; i.e., new and existing balance. Slimebuckets.

3% foreign transaction fee.

Here's an hour long Frontline show about "The Card Game".

http://video.pbs.org/video/1342007771/

karenintx - 11-30-2009 at 03:02 PM

We spend about 7 months a year in Cabo. We perfer to use the c/c and save our pesos/cash for places that do not accept c/c. Before retiring in Oct. 2008 the hubby used his c/c in his international business travels all the time with no problems.

I have not been aware of the interest rate changes, maybe because we pay balance in full each month...zero % interest.

After receiving our card several years ago, I called C/O to advise them of our travel habits. The phone agent made the notation to our account...I then asked to be transfered to their "Fraud Protection Department". Advised them of our travel habits. I was told by the "Fraud Dept." agent that by going straight to them it makes their job easier to monitor our charges and she wished more people would do the same. We do not have to call C/O each time we leave the USA unless we are going to a country that we have never traveled. So far so good!